VANZO HOLDINGS BERHAD
Malaysia | 0333.KL | ACE
Reference
Report Year: 2024
Source Files: Vanzo_Holdings_Berhad_2024_Annual_Report.md
Sustainability Committee
Management Risk & Sustainability Committee 🟢
- Strategy Development 🟢
- Performance Monitoring 🟢
Reporting
Integrated Report, No Specific Framework Mentioned ⚠️
GHG Accounting
Vanzo Holdings Berhad's GHG accounting is currently underdeveloped. No emissions data for Scope 1, 2, or 3 is reported in the 2024 sustainability statement, which limits the ability to assess their environmental impact. The report mentions a future commitment to collect and report emissions data, which is a positive step. However, there is no mention of base years, boundaries, standards (e.g., GHG Protocol), or third-party verification. Strengths include an intent to track carbon footprints of products and operations. Improvements needed include immediate reporting of absolute emissions data, adopting recognized frameworks like GHG Protocol, and ensuring third-party verification for credibility.
Emissions
| Scope | Value | Note |
|---|---|---|
| Scope1 | Not reported ⚠️ | No data on Scope 1 emissions provided. |
| Scope2 | Not reported ⚠️ | No data on Scope 2 emissions provided. |
| Scope3 | Not reported ⚠️ | No data on Scope 3 emissions provided. |
Other Details
- Base year: Not reported
- Boundary inventory: Not reported
- Gwp basis: Not reported
- Standard: Not reported
- Data collection approach: Not reported
- Third party verification: Not reported
- Carbon intensity: Not reported ⚠️
Efforts
- Future tracking planned 🟢
- 1.2 tons waste diverted 🟢
- Digital materials adopted 🌱
- Plant-based ingredients 🌱
Social Highlights
- RM54,015 community investment 🥗
- 6 organizations supported 🥗
- 11 employees trained 🟢
- 217 training hours 🟢
- Limited data available ⚠️ (Insufficient additional measurable social impacts reported.)
Governance
- Salary disclosure: Can't find ⚠️
- Litigation: Can't find ⚠️
Report Quality
Commendable Initial Steps by Vanzo Holdings Berhad in their 2024 integrated sustainability report 🟢. The report outlines a structured governance framework with a dedicated Management Risk & Sustainability Committee and provides quantifiable metrics in areas like energy consumption (126,596 kWh), waste diversion (1.2 tons), and community investment (RM54,015). However, significant gaps exist in GHG emissions reporting, with no data on Scope 1, 2, or 3 emissions, and a lack of recognized frameworks like GRI or TCFD ⚠️. While forward-looking commitments to track emissions are noted, the report contains generic statements (e.g., 'committed to sustainability') without sufficient measurable outcomes or timelines. Suggestions for improvement include adopting international reporting standards, reporting absolute emissions data, and incorporating third-party verification to enhance credibility. Overall, the report lays a foundation but needs deeper data-driven insights.
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